Cobham extends BHP contract

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Defence technology group Cobham has won a A$65m (£42m) contract extension with BHP Billiton to transport miners in and out of remote mines in Australia. Cobham has provided services to companies operating in the Pilbara region since 2003. Earlier this month, Cobham issued a profit warning due to declining revenues from the US defence market. Shares closed up more than three per cent yesterday.